Assets into UCITS funds are expected to be driven by the return of retail investors to the hedge fund market next year, according to Gottex Fund Management.
The third quarter trading statement, to 30 September 2010, states that asset flow in this market will to a major extent be driven by the return of European retail investors to the hedge fund market, which Gottex envisages will pick up pace in 2011.
Joachim Gottschalk: Gottex
The Gottex Absolute Return Fund, a fund of hedge funds, has returned 1.87% since launch in July 2010 with internal capital and has now been passported to Germany, UK, Italy, Austria and with others to follow.
Joachim Gottschalk, chairman and chief executive of Gottex says: “I am pleased with